Franklin Housing Market Report January 2025•Cambria County, Pennsylvania

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Housing Prices in Franklin, PA

How much do homes in Franklin, PA cost?

Housing Market Conditions

Is Franklin, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Franklin is a Neutral Market

Difference Since January 2024

At the same time last year, Franklin was a Seller's Market.

Insight

Franklin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$175,000$81/SqFt
+$45,000
+34.6%

Based on all homes sold in the last 12 months

Insight

Homes in Franklin have sold for 34.6% more than they did a year ago.

Summary: The median home sold price in Franklin was $175,000 in January 2025, up 34.6% from last year, and the median price per square foot was $81.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$60K$75K
+25.0%
3$130K$62.1K
-52.2%
4$175K$250K
+42.9%
5-$125K
N/A

Summary: Franklin housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +25.0%. The home price for 3 bedroom homes decreased by -52.2%. The home price for 4 bedroom homes increased by +42.9%. The home price for 5 bedroom homes did not change.

Housing supply in Franklin, PA

How many homes are available in Franklin, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
7Last MonthJan 2025
82 months agoDec 2024
-12.5 %
Change MoMDec – Jan

Summary: The Franklin real estate market had 7 homes for sale in Jan 2025, a 12.5 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthJan 2025
32 months agoDec 2024
-66.7 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
111
0.0%
212
+100.0%
322
0.0%
420
-100.0%
522
0.0%

Summary: Franklin housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes decreased by -100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Franklin, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in Franklin, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Franklin in January 2025, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for Franklin, PA

How long does it take to sell a home in Franklin, PA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Franklin are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 1 homes were sold in Franklin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
20 DaysThis YearJan 2025
30 Days1 year agoJan 2024
-33.3 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Franklin had an average listing age of 20 days in Jan 2025, down by 33.3% compared to the previous year.

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Newest Listings in Franklin, PA

What homes are available in Franklin, PA?

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MLS Disclaimers and Copyright

Based on information from West Penn Multi-List Inc., Erie MLS, and Cambria-Somerset Association of Realtors MLS for the period 02/01/2023 - 02/01/2025

IDX The multiple listing information is provided by West Penn Multi-List, Inc. Information deemed reliable, but not guaranteed. IDX info provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale, change, or withdrawal. Listings displaying the IDX logo belong to brokers other than this broker. Neither the listing broker(s) nor this broker or the MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

Copyright © 2025 West Penn Multi-List, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/28/2025, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Greater Erie Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/28/2025, 2:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Cambria Somerset Association of Realtors MLS for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © 2025 Cambria Somerset Association of Realtors MLS 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/28/2025, 2:16:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.